Labrador Uranium Announces Results Following Annual General and Special Meeting of Shareholders

TORONTO, May 31, 2023 (GLOBE NEWSWIRE) -- Labrador Uranium Inc. (“Labrador Uranium”, “LUR” or the “Company”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) is pleased to announce that shareholders have approved all matters brought before the annual and special meeting of shareholders (the “Meeting”) held today, as outlined in the management information circular of the Company prepared in connection with the Meeting. A special resolution approving the change of the Corporation’s name from “Labrador Uranium Inc.” to “Latitude Uranium Inc.” was also passed which is expected to be effected following and conditional upon closing of the previously announced transaction (the “Arrangement”) involving the Company and ValOre Metals Corp.

About Labrador Uranium Inc.

Labrador Uranium is engaged in the exploration and development of uranium projects in Labrador, Canada and holds a dominant land position with 52 Mineral Licences covering 152,825 ha in the prolific Central Mineral Belt in central Labrador and the Notakwanon Project in northern Labrador. Currently, the Company is advancing the district-scale CMB Project which includes the Moran Lake and Anna Lake Deposits. The CMB is adjacent to Paladin Energy’s Michelin deposit, with substantial past exploration work completed, and numerous occurrences of uranium, copper and IOCG style mineralization.

For More Information, Please Contact

John Jentz
Chief Executive Officer
[e-mail]

Investor Relations
Toll-Free: 1-833-572-2333
Email: [e-mail]
Website: www.labradoruranium.com
Twitter: @LabradorUr
LinkedIn: https://www.linkedin.com/company/labrador-uranium-inc/

Cautionary Statement Regarding “Forward-Looking” Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements with respect to the implementation of the name change and closing of the Arrangement, , and other activities, events or developments that are expected, anticipated or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.